Gas fuels proppant prospects

By Jessica Roberts
Published: Monday, 26 October 2009

After a year of depressed oil and gas prices, North American gas exploration is tentatively fuelling a pick up in proppant demand. But how will US producers react to proposed legislation that seeks to further regulate drilling? by Jessica Roberts, Assistant Editor

The world average crude oil spot price peaked at $137/bbl in July 2008. Just a year earlier, the same spot price had hovered at around $70/bbl - almost 50% lower (Figure 1). This massive peak in prices sparked a flurry of oil exploration and drilling activity, the impact of which reverberated...

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